Will a new S3 purchased on ebay work for Verizon pre-paid?

I am considering a new Samsung S3 for use on the Verizon pre-paid plan.  Verizon lists the phone fo $269 in the listing of pre-paid phones.  However, I can buy a a brand new S3 labeled for verizon for half this price on ebay.  Will this ebay phone work on Verizon pre-paid?

The phone would fit under a Verizon plan and there are many good buys to be had. However be careful of sellers and Verizon would not back this under a warranty. So there is some trade off here to think about.

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